From the answer:
Hi jmross08 , I'd be glad to help you in upgrading to QuickBooks Online.... Just go to this link to learn more about the different QuickBooks Online versions that best suits your business needs: https://quickbooks.intuit.com/products/ .

From the answer:
in QBSE you can not the initial franchise fee is supposed to be booked as an intangible asset, QBSE does not have a balance sheet nor will it allow you to create one, or any other type of account either You need to move to QBO or a fully functional

From the answer:
Thank you for sharing a complete detail of your concern, IanLam.... I’d be delighted to make sure your concerns regarding managing your income and expense transactions are addressed one by one.